https://www.taxtmi.com/highlights?id=69687 Levy of penalty on Proprietor of the Firm under Rule 26(2) of Central Excise Rules, 2002 - fraudulent availment of CENVAT Credit - Taking note of the fact that penalty imposed on the appellant is above 50% of the credit taken by the set 2 units - the penalty imposed is excessively high. Hence for justice will be met if the set penalty is reduced to 10% of the penalty imposed on the appellant - AT en-us Wed, 10 May 2023 11:10:53 +0530 Wed, 10 May 2023 11:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69687 Levy of penalty on Proprietor of the Firm under Rule 26(2) of Central Excise Rules, 2002 - fraudulent availment of CENVAT Credit - Taking note of the fact that penalty imposed on the appellant is above 50% of the credit taken by the set 2 units - the penalty imposed is excessively high. Hence for justice will be met if the set penalty is reduced to 10% of the penalty imposed on the appellant - AT Highlights Central Excise Wed, 10 May 2023 11:10:53 +0530 https://www.taxtmi.com/highlights?id=69687